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Technology Stocks : Micron Only Forum -- Ignore unavailable to you. Want to Upgrade?

To: Richard Russell who wrote (28402)	2/15/1998 4:07:00 PM
From: yousef hashmi	Read Replies (3) \| Respond to of 53903

RICHARD when are you going to stop arguing with the stock, the trend is up! IT can be painful and finacially devasting to argue with the trend. good luck trading

To: Richard Russell who wrote (28402)	2/15/1998 4:48:00 PM
From: John Graybill	Respond to of 53903

>>MU will get nothing; the U.S. Government makes all the money as Tax Revenue. ho ho ho! It's true that MU won't have a man down at the docks with his hand out, but this guy doesn't even go to the next step. If the tarriffs raise the price of the foreign SRAM higher than MU's price, then people will buy MU SRAM instead of Japan SRAM. duh!

To: Richard Russell who wrote (28402)	2/15/1998 7:18:00 PM
From: DJBEINO	Read Replies (1) \| Respond to of 53903

US UPHOLDS DUMPING CHARGES AGAINST TAIWAN'S SRAM MAKERS Washington, Feb. 13 (CNA) The US Department of Commerce (DOC) has delivered a final verdict on dumping charges against Taiwan and South Korean manufacturers of static random access memory (SRAM) chips, the department's International Trade Agency (ITA) said on Friday. ITA officials said DOC Assistant Secretary Robert S. Larussa has signed the verdict and punitive anti-dumping tariff rates for individual Taiwan and Korean SRAM makers, but the DOC won't make a formal announcement until next Tuesday. Although the verdict is still pending a final adjudication by the federal International Trade Commission (ITC), lawyers commissioned by Taiwan firms to handle the case said they believe the dumping charges will stand. According to US anti-dumping regulations, the ITC will hold a final public hearing on the dumping charges on Feb. 18 and will decide by the end of March whether Taiwan SRAM makers have really hurt interests of Micron, the US firm which filed the dumping charges in March 1997. If the ITC upholds the DOC's final verdict, Taiwan-made SRAMs will be subject to punitive anti-dumping tariff rates starting in April. The lawyers said the only good news was that the DOC rejected Micron's demand that Taiwan-made SRAMs set in motherboards be subject to punitive anti-dumping tariffs. "The exclusion of SRAMs built in motherboards will help minimize damage to Taiwan makers," said Chris Corr, a lawyer commissioned by many Taiwan companies to handle the dumping charges. Taiwan accounts for 60 percent of the annual global motherboard production, and many Taiwan makers inlay SRAMs made by local companies into their motherboards before exporting them to the US. Another lawyer, Jonny Chiu, said it was discouraging that punitive tariff rates listed in the DOC's final verdict for some Taiwan companies are higher than those proposed in its initial verdict delivered last September. Chiu said the increases in punitive rates indicate that the ITA didn't accept Taiwan companies' argument that research spending and stocks offered to their employees should be caculated as production costs. According to the final verdict, the anti-dumping tariff rate for SRAMs produced by Taiwan's Windbond Electronics will reach 102.83 percent, compared to 94.1 percent originally proposed. The punitive tariff rate for another major Taiwan semicroductor producer United Microelectronics Corp. also increases from 63.36 percent to 93.87 percent, while the rate for Alliance Semiconductor Corp. drops from 59.06 percent to 50.58 percent, and that for Hsicheng Co. is lowered to 7.59 percent from 10.96 percent. The three Taiwan companies which failed to respond to questionnaires sent by the DOC -- Texas-Acer Instruments, Best Integrated Technology and Advanced Microelectronics -- will be subject to an extremely high punitive rate of 113.85 percent. All other Taiwan SRAM makers will be subject to a punitive rate of 41.98 percent, slightly higher than 41.3 percent proposed in the initial verdict. Legal experts said the ITC, while delivering its final adjudication, is not expected to change the punitive tariff rates proposed in the DOC's final verdict. The United States is a major export outlet for Taiwan-made SRAMs, accounting for about half of Taiwan's total SRAM exports. Taiwan exported US$137 million and US$93.4 million worth of SRAMs in 1995 and 1996, respectively. Taiwan accounts for about 9 percent of America's SRAM import market, compared to a 20 percent market share held by South Korea. Information-technology industry experts said the US anti-dumping verdict will certainly have an adverse impact on Taiwan SRAM makers as the punitive rates are very high. Most worrisome was that Micron may file dumping charges against Taiwan and Korean makers of dynamic random access memory (DRAM) chips following its victory in the SRAM dumping charges. If so, Taiwan's semiconductor manufacturers will be hurt even more drastically because DRAMs account for the lion's share of their exports. (By Herman Pan and Sofia Wu)